Value 1 Depreciation

The original value of the asset budget record, including any additions, revaluations, or disposals. This is the sum of all transactions with asset indicators of Initial or Value. The value reflects changes made in Ledger Entry (LEN), Ledger Import (LIM) or Asset Disposal (FAD).

The standard accumulated depreciation for the asset budget record. It reflects the depreciation calculated and posted by Depreciation Calculation (FDC), Ledger Entry (LEN), Ledger Import (LIM) or Asset Disposal (FAD). It is the sum of all transactions posted to the asset with an asset indicator of Depreciation. This amount includes reduction depreciation, but excludes advanced depreciation, which is displayed in the field below.

The total advanced depreciation for the asset budget record. It displays the advanced depreciation calculated and posted by Asset Advanced Depreciation Calcuation (FAA), and also posted by Ledger Entry (LEN) and Ledger Import (LIM) against the asset using a journal type that has its Asset Depreciation Type set to Advanced. This amount excludes standard depreciation and reduction depreciation.

The gross value of the asset budget record less the accumulated depreciation. This reflects changes made by Depreciation Calculation (FDC), Ledger Entry (LEN), Ledger Import (LIM) or Asset Disposal (FAD).

The depreciation method to be used by Depreciation Calculation (FDC). There are several methods available. If this is set to No Depreciation, depreciation will not be calculated automatically for the asset.

For depreciation methods Declining Balance, Straight Line or Japanese Straight Line, this is the percentage rate used to calculate the amount of depreciation deducted. For Straight Line or Japanese Straight Line, you can either enter a percentage rate here, or leave blank and enter the end of the depreciation period in the End Period field on the General tab, but not both.

The final value of the asset budget record in the asset currency. It may be scrap or residual value. If using Japanese Straight Line depreciation method, this is the first Final Value used to determine the annual depreciation amount.

This is used by the Japanese depreciation method only. It is the posting final value for the asset in base currency. This is the second final value, and is the cutoff point for the additional depreciation calculation required by the Japanese depreciation method.

The depreciation table to use if the depreciation method is Table Depreciation.

If the Table Depreciation method is selected, this is the column of the table of rates to be used to depreciate the asset.

The number of days in the first period in the life of the asset. This field relates to the feature, available for Straight Line depreciation, which allows you to start to depreciate an asset part way through the first period. You cannot set this option if the Full Year Depreciatn in 1st Yr check box is checked on the Ledger Setup (LES).

The number of days for which the asset is active within the number of days in start period. This is required if depreciation should only be charged for this number of days, for the first period in the life of the asset. You cannot set this option if the Full Year Depreciatn in 1st Yr check box is checked on the Ledger Setup (LES).

The first fiscal year in which advanced depreciation is to be calculated for the asset.

The whole number of years for which advanced depreciation can be applied to the asset.

The amount by which SunSystems must multiply the standard depreciation amount in order to calculate the advanced depreciation amount. For example, enter 1 if advanced depreciation is the same amount as the standard depreciation, (thus doubling the total depreciation).

This check box determines whether or not the asset is to be included in the advanced depreciation calculation for the current year. Check the check box to include the asset in the calculation. Normally, this should be checked if the current year is within the time frame defined by the Base Apply From and the Base Term of Years options. Alternatively, leave the check box blank to exclude the asset from the calculation. You can also use Asset Advanced Depreciation Selection (FDA) to check or to uncheck this check box for a number of assets. You cannot run advanced depreciation in the same year as reduction depreciation for an asset.

Displays the year in which the previous advanced depreciation posting was made for this asset.

The percentage by which both the standard depreciation and advanced depreciation are reduced in the first year of depreciation.

The percentage by which the standard depreciation rate is reduced for the current year when running Asset Reduction Depreciation Calculation (FAR). Enter a percentage for this asset, or use Asset Reduction Depreciation Selection (FDR) to enter a reduction percentage on a number of assets. Leave this option blank if you do not want a reduction in depreciation for the asset in the current year. You cannot run reduction depreciation in the same year as advanced depreciation for an asset.

Displays the year in which the previous reduction depreciation posting was made for this asset.